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De Minimis Exemption
If a new adviser has a "reasonable expectation" that they would be eligible for
federal registration within 90 days, they should submit a notice filing in West
Virginia.
Also, Advisers may claim the de minimis exemption from the notice filing
requirement if they have no place of business in this state and during any
period of twelve (12) consecutive months the Adviser does not have more than
five (5) clients who are residents of this state.
Disclaimer
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